The market moves is cycles and levels. GBPJPY market is currently on a strong bullish trend.. Two (2) levels have been completed and awaiting the completion of the third level. After which price will for a peak high which will either contract for a while or drop for a count of three. then a peak low will be formed to move onto the final cycle Price is currently approaching the 185.00 Quarter Theory Level which a buy stop can be placed and held for 200 pips...Use Risk Management, Money Management and Trade management when trading the markets with real cash..
Trade active:
the market reach the 185.00 level and buystop was activated...the first level was completed with the strong bearish move to get sellers in to push price to the upside...will post updated chart at the end of the week
entry-185.00
tp-187.50
sl-183.200
entry-185.00
tp-187.50
sl-183.200
Trade closed: stop reached:
Price is currently in a range....